Risk is defined in ISO 31000 as the effect of uncertainty on objectives (whether positive or negative) it can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters. Strategies to manage risk include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk.
Risk is defined in ISO 31000 as the effect of uncertainty on objectives (whether positive or negative) it can come from uncertainty in financial markets, project failures, legal liabilities,…